UAE unveils new residency guidelines to attract foreigners
Published 05 Sep,2021 via Bloomberg Markets - The United Arab Emirates announced a new class of visas on Sunday, the latest step in a series of moves aimed at attracting talent and boosting growth.
“Green Visas” will allow expatriates to apply for work without being sponsored by an employer, targeting investors and highly skilled workers as well as top students and graduates. Green visa holders will be able to sponsor their parents and children up to the age of 25 on their permits.
The government also said it would allow people who’ve lost their jobs to remain in the country for up to 180 days, a major incentive as most visas are tied to employment contracts. And in an effort to loosen the job market, it’s allowing for the hiring of temporary workers above the age of 15.
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Zainab Fattah and Abeer Abu Omar